originally posted by: ChaoticOrder
a reply to: puzzlesphere
As has been explained, the central bank creates the new money but they don't just give it to the government, it is traded for bonds which represent
Google "Modern Money Mechanics", download and study the PDF. It was issued by The Federal Reserve Bank, and describes the entire process of monetary
creation, including the fractional reserve aspect.
Here are just a few quotes (not from the booklet, just general quotes about money) that are very appropriate...
"The few who understand the system...will either be so interested in its profits or so dependent on its favors that there will be no opposition from
that class, while on the other hand, the great body of people, mentally incapable of comprehending...will bear its burdens without complaint."
A communique sent from the Rothschild investment house in England to its associate in New York
Source: Roberts, Archibald E., Bulletin—Committee to Restore the Constitution, February 1989, p.5.
"It is a common practice of congressmen to make the title of acts promise aright, but in the body or text of the acts to rob the people of what is
promised in the title."
Source: Charles A. Lindbergh Sr., Lindbergh on the Federal Reserve, Noontide Press, Costa Mesa CA, 1923, p.70.
Lindbergh was a United States Congressman from Minnesota's 6th congressional district from 1907 to 1917, and opposed American entry into World War I
as well as the 1913 Federal Reserve Act. He had some very interesting to say about the Fed, and his comments in the federal record are well worth
"Some of the biggest men in the United States in the field of commerce and manufacture, are afraid of something. They know that there is a power
somewhere so orga- nized, so subtle, so watchful, so interlocked, so complete, so perva- sive, that they had better not speak above their breath when
they speak in condemnation of it."
Source: Woodrow Wilson, The New Freedom (quoted in Roberts, p.176).
And the following, though unsourced and so possibly not legit, are still extremely on target...
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution
before tomorrow morning."
Henry Ford, Sr.
"You are a den of vipers! I intend to rout you out, and by the Eternal God, I will rout you out. If the people only understood the rank injustice of
our money and banking system, there would be a revolution by morning."
President Andrew Jackson, 1834, killed The Bank
edit on 22-5-2020 by tanstaafl because: (no reason given)